Former logo prior to re-branding effort
Millcraft Industries, Inc. is a real estate and development company based in the Pittsburgh suburb of Cecil Township, Pennsylvania.
Millcraft began as a steel production company before expanding into real estate.
In 2005, following a deal with [4 ] Hilton Hotels and an expanding commercial real estate business, Millcraft formally exited the steel industry. [1 ]
The company has a strong presence in
Western Pennsylvania. [1 ]
In 2012, the
Wall Street Journal praised Millcraft's River Vue apartment building as being part of a renewed push for livability in Downtown Pittsburgh. [5 ]
In 2008, Millcraft CFO Brian Walker, won the
CFO of the Year award in the "Large private company" categorgy. Pittsburgh Business Times The award was largely the result of Walker's ability to use the New Markets Tax Credit Program to finance previously impossible projects in [6 ] Downtown Pittsburgh. [6 ]
In March 2009, Millcraft purchased the
Pittsburgh State Office Building. The sale was criticized by [7 ] Pennsylvania State Auditor General Jack Wagner, who noted that the $4.6 million sale price was half its appriased value. He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings. [7 ] [7 ]
The company owns and developed the
Southpointe complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown Washington, Pennsylvania. [2 ]
References [ edit ]
^ a b c Sandler, Robert (November 25, 2005). "Millcraft exits steel business". . Pittsburgh Business Times
^ a b "Millcraft Industries, Inc. :: OUR PROJECTS". Millcraft Industries, Inc.
^ "Commercial Office - Crossroads Center". Millcraft Investments . Retrieved 2013-11-16.
^ "Millcraft Industries, Inc. :: OUR COMPANY". Millcraft Industries, Inc.
^ Sadovi, Maura Webber (March 13, 2012). "More Living in Steel City". . Wall Street Journal
^ a b Carbasho, Tracy (November 7, 2008). "Walker moves Millcraft forward". . Pittsburgh Business Times
^ a b c Stouffer, Rick (August 27, 2009). "Pennsylvania auditor general critical of State Office Building sale". . Pittsburgh Tribune Review
External links [ edit ]